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Monthly Archives: June 2019

Disney gets a rare downgrade with analyst noting a ‘record’ valuation

Chief executive officer and chairman of The Walt Disney Company Bob Iger Getty Images Disney’s stock is rising too far too fast, Imperial Capital said on Monday, noting the stock is trading at a record valuation on one basis. In a rare downgrade on Wall Street for the popular shares, …

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Wall Street sees major growth potential for Luckin in untapped Chinese coffee market

Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in …

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This chart shows why everyone on Wall Street is so worried about the yield curve

Wall Street’s top rated economist Ed Hyman just called the yield-curve inversion “the number one” market risk, and this chart shows why. Going back to 1986, when the yield curve turned flatter drastically and eventually inverted, the S&P 500 tends to go into a downward spiral within the next 12 …

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Watch for Fed signals and Trump’s Twitter

Wall Street is still in wait-and-see mode as investors yearn for progress in trade talks with China and learn how tensions impact businesses, CNBC’s Jim Cramer said Friday. Shares of Broadcom tanked nearly $16 after the semiconductor giant said the trade war could dent operations by billions of dollars. The …

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These chip companies can grow despite US-China trade war, says analyst

The U.S.-China trade spat may spare a few chipmakers, says one analyst. As large chip companies such as Broadcom fall under pressure from restrictions on Chinese telecommunications giant Huawei — a major buyer of U.S. semiconductor chips until its recent blacklisting — a few more focused players will likely avoid the …

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Disney on pace to earn $9 billion at the global box office in 2019

Bob Iger Stephen Desaulniers | CNBC Disney has a shot at the impossible in 2019 — earning more than $9 billion at the global box office. The entertainment giant has been a box office behemoth for the last five years, setting and then smashing its own records in the film …

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‘I am certainly long gold’

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach is betting on gold. “I am certainly long gold,” Gundlach said in an investor webcast on Thursday. He added his trade is based on the expectation that …

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Bank of America has found the perfect recession play — death

Investors worried about a potential recession can seek shelter in a morbid sector of the market: death companies. Bank of America analyst Joanna Gajuk noted that pre-need service companies, which make funeral arrangements before the person dies, only saw a “slight pullback” in business during the last recession as “75% …

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A Morgan Stanley reading on the economy collapses by the most ever

A worker builds a Ford Expedition SUV as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky. Getty Images A reading of the economy from Morgan Stanley is signaling “June gloom.” Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell …

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Tanker attacks reignite oil fear premium, prices could spike to $80

Oil prices have been crushed by worries about weaker demand and a slowing global economy, but the market could begin to price in greater geopolitical risks if there are more attacks like the one on two oil tankers in the Gulf of Oman Thursday. But even as analysts say oil …

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